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  3. Study Set
    Auditing and Assurance Services Study Set 2
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    Exam 19: Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts
  5. Question
    The Starting Point for the Verification of Current-Year Acquisitions of Property
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The Starting Point for the Verification of Current-Year Acquisitions of Property

Question 26

Question 26

True/False

The starting point for the verification of current-year acquisitions of property, plant, and equipment is normally a client-prepared schedule of all acquisitions recorded in the general ledger during the year.

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